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March 9, 2022

India expects 350 million tonnes of private mine coal output by 2030

The private coal mines, together with those allocated to state-owned firms, are anticipated to produce between 80Mt and 85Mt in 2021-2022.

India anticipates private coal mines to provide 350-400 million tonnes (Mt) of coal by the end of this decade, reported Reuters citing a senior coal ministry official.

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As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
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The projected increase in production would help the country reduce its reliance on imports, the official told an industry conference.

In 2020, India opened the coal mining sector to private firms following a prolonged period of lobbying. Among these firms were Vedanta and Adani Enterprises.

More than 90% of India’s coal imports are from Indonesia, Australia and South Africa.

Amid high global prices, India reduced imports in recent months and increased dependence on state-controlled mining company Coal India.

The miner aims to produce 670Mt of coal in 2021-2022.

Indian Ministry of Coal Additional Secretary M Nagaraju was cited by the news agency as saying that the coal mines auctioned to private firms, together with those allocated to state-run companies, are expected to produce 80Mt-85Mt in 2021-22.

Nagaraju also said that production from these mines is expected to surge nearly 60% to 130Mt-135t during the year ending March 2023.

Last month, the Indian Ministry of Coal auctioned 42 coal mines under the commercial coal mining auction process. These mines have a combined capacity of 86Mtpa.

Last year, India’s Ministry of Coal asked Coal India to diversify its operations and invest in areas such as electric vehicles and charging stations, as well as participate in overseas tenders seeking coal.

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img

Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
by GlobalData
Enter your details here to receive your free Report.

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